(HBO) – The Hoa Binh branch of the Bank for Investment and Development of Vietnam (BIDV) is one of the key banks in the province. With a widespread network of transaction points covering important localities like Hoa Binh city, and Luong Son and Cao Phong districts, BIDV Hoa Binh has contributed greatly to local socio-economic development.
Staff members of the BIDV Hoa Binh branch have stepped up credit
disbursement to support production and business activities of local
enterprises.
The branch has mobilized over 3 trillion VND
(132.1 million USD) of capital since the beginning of 2018, equivalent to 86
percent of this year’s target. Its credit provision has also grown as planned.
By the end of the first quarter, outstanding loans of BIDV Hoa Binh exceeded
3.26 trillion VND (143.6 million USD), up 0.07 percent from the end of 2017,
equal to 222.26 billion VND. Specifically, outstanding loans for businesses
exceeded 2 trillion VND (88.1 million USD) and for individual clients came to nearly
1.24 trillion VND (54.6 million USD). Meanwhile, medium- and long-term credit
was about 1.55 trillion VND (68.3 million USD), accounting for 46.1 percent of
total outstanding loans.
Aside from boosting credit growth, BIDV Hoa Binh
has also paid special attention to credit quality. Its bad debt, estimated at
32.14 billion VND (1.4 million USD), now accounts for only 0.95 percent of
total outstanding loans.
The branch’s services are assessed as relatively
good, bringing in net revenues of 3.79 billion VND (167,000 USD) in the first
quarter, including 1.21 billion VND (53,300 USD) from the guarantee service and
1.58 billion VND (69,600 USD) from payment service.
Meanwhile, activities pertaining to payment,
cash circulation, treasury and network development have also received due
attention from the branch.
BIDV Hoa Binh currently has five transaction
offices and 10 ATMs, including six machines in Hoa Binh city, three in Luong
Son district, and one in Cao Phong district.
The number of points of sale (POS) accepting
BIDV cards has been maintained at shopping centres. There are 20 such machines
in the province at present./.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
Amid efforts to streamline the administrative apparatus, Hoa Binh province has intensified measures to address challenges in land clearance, resettlement support, and infrastructure investment, aiming to speed up the progress of key projects.
Hoa Binh province has posted an unprecedented economic growth rate of 12.76% in the first quarter of 2025, marking its highest quarterly performance to date and positioning it as the second fastest-growing locality in the country, trailing only Bac Giang province.
Under current regulations, products in the One Commune – One Product (OCOP) programme that are rated three stars or higher must undergo re-evaluation every three months. However, in reality, some of these products fail to consistently meet the required standards, raising concerns about the sustainability of their OCOP certification. This underscores the urgent need for producers to enhance product quality and gradually develop their OCOP products into strong, marketable brands.
